Waterfront Wealth Inc. Purchases 728 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Waterfront Wealth Inc. grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,657 shares of the casino operator’s stock after acquiring an additional 728 shares during the quarter. Waterfront Wealth Inc.’s holdings in Las Vegas Sands were worth $1,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. MML Investors Services LLC lifted its position in shares of Las Vegas Sands by 1.9% during the 1st quarter. MML Investors Services LLC now owns 9,767 shares of the casino operator’s stock valued at $561,000 after acquiring an additional 185 shares during the period. Horizon Investments LLC lifted its position in shares of Las Vegas Sands by 4.3% during the 2nd quarter. Horizon Investments LLC now owns 4,964 shares of the casino operator’s stock valued at $287,000 after acquiring an additional 204 shares during the period. Baird Financial Group Inc. lifted its position in shares of Las Vegas Sands by 0.7% during the 4th quarter. Baird Financial Group Inc. now owns 32,842 shares of the casino operator’s stock valued at $1,579,000 after acquiring an additional 216 shares during the period. Industrial Alliance Investment Management Inc. lifted its position in shares of Las Vegas Sands by 16.4% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 1,560 shares of the casino operator’s stock valued at $75,000 after acquiring an additional 220 shares during the period. Finally, Waldron Private Wealth LLC lifted its position in shares of Las Vegas Sands by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock valued at $608,000 after acquiring an additional 232 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LVS shares. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley raised their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Barclays raised their price objective on Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, Mizuho began coverage on Las Vegas Sands in a research note on Tuesday, March 26th. They issued a “buy” rating and a $70.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.37.

Las Vegas Sands Trading Down 0.6 %

NYSE LVS traded down $0.28 during trading hours on Wednesday, hitting $50.23. 9,065,845 shares of the company’s stock were exchanged, compared to its average volume of 4,381,070. The stock has a 50-day simple moving average of $52.37 and a 200 day simple moving average of $49.62. Las Vegas Sands Corp. has a 1-year low of $43.77 and a 1-year high of $65.58. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 0.81 and a beta of 1.16. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, equities analysts forecast that Las Vegas Sands Corp. will post 2.73 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.